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R2024-27 Resolution Accepting the Bid and Authorizing the Execution of a Contract with C-Hill Civil Contractors, Inc and Appropriating Motor Fuel Tax Rebuild Illinois (RBI) Funds for the Grove Road Bridge over Sand Creek Arm of Lake Decatur
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R2024-27 Resolution Accepting the Bid and Authorizing the Execution of a Contract with C-Hill Civil Contractors, Inc and Appropriating Motor Fuel Tax Rebuild Illinois (RBI) Funds for the Grove Road Bridge over Sand Creek Arm of Lake Decatur
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2/26/2024 11:52:54 AM
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2/8/2024 3:42:35 PM
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Resolution/Ordinance
Res Ord Num
R2024-27
Res Ord Title
R2024-27 Resolution Accepting the Bid and Authorizing the Execution of a Contract with C-Hill Civil Contractors, Inc and Appropriating Motor Fuel Tax Rebuild Illinois (RBI) Funds for the Grove Road Bridge over Sand Creek Arm of Lake Decatur
Department
Public Works
Approved Date
2/5/2024
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i <br /> ' LR 109-3 <br /> Page 3 of 4 <br /> Method of Adjustment. Fuel cost adjustments will be computed as follows. <br /> CA = (FPIP - FPIP) x FUF x Q <br /> Where: CA = Cost Adjustment, $ <br /> FPIP = Fuel Price Index, as published by the Department of Transportation for the <br /> ' month the work is performed, $/gal ($/liter) <br /> FPIP = Fuel Price Index, as published by the Department of Transportation for the <br /> month prior to the letting for work paid for at the contract price; or for the month <br /> the agreed unit price letter is submitted by the Contractor for extra work paid for <br /> by agreed unit price, $/gal ($/liter) <br /> FUF = Fuel Usage Factor in the pay item(s) being adjusted <br /> Q = Authorized construction Quantity, tons (metric tons) or cu yd (cu m) <br /> ' The entire FUF indicated in paragraph (b) will be used regardless of use of trucking to perform the <br /> work. <br /> ' Basis of Payment. Fuel cost adjustments may be positive or negative but will only be made when <br /> there is a difference between the FPIP and FPIP in excess of five percent, as calculated by: <br /> ' Percent Difference = {(FPIP— FPIP) - FPIP} x 100 <br /> Fuel cost adjustments will be calculated for each calendar month in which applicable work is <br /> performed; and will be paid or deducted when all other contract requirements for the items of work <br /> are satisfied. The adjustments shall not apply during contract time subject to liquidated damages <br /> for completion of the entire contract. <br /> 1 <br />
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